Vélez-Málaga, Andalusia, Spain
Six-Bedroom Townhouse with Historic Charm in Vélez-Málaga
€480,000
€797/m²
- 6
- Bedrooms
- 6
- Bathrooms
- 602 m²
- Interior
- Townhouse
- Type
- 3 Sept 2026
- Listed
The Habio take
This expansive six-bedroom townhouse offers a unique opportunity in the heart of Vélez-Málaga, featuring a blend of historical significance and modern potential. With prime access to local amenities and just 20 minutes from the beach, it’s ideal for a variety of projects.
- historic
- investment
- beach
Highlights
- 602 m² of built space
- Historical oil mill with preserved machinery
- Versatile for various development projects
- Prime location in the heart of Vélez-Málaga
- 20 minutes from the beach
Worth knowing
- Requires renovation for intended projects
- Ground floor currently used as parking may limit initial usability
Good fit for: Ideal for investors or developers looking for a project with historical significance.
Lifestyle scores
- Beach
- 70
- Walkable
- 80
- Remote work
- 60
- Family
- 70
- Retirement
- 65
- Airport access
- 75
- Investment
- 80
- Luxury
- 50
- Value
- 85
About this place
Spanning 602 m² across two floors, this townhouse presents itself as a versatile blank canvas. The ground floor boasts 325 m² of space, currently utilised as parking with the capacity for nine cars and ten motorcycles, along with an old oil mill containing well-preserved machinery of great historical value, known and appreciated within the community.
On the first floor, there is another 277 m² plus additional terraces, allowing for expansive living or development options. The property is conveniently located just 20 minutes from the beach and 10 minutes from a shopping centre, with local schools nearby. Enhancing its appeal, the townhouse is situated 45 minutes from the airport, making it easily accessible for both residents and visitors. This property holds tremendous potential for various projects, including a hotel, hostel, or apartment complex.
Where you’ll be
Vélez-Málaga, Andalusia, Spain
Exact location is confirmed by the agent on enquiry.
Buying property in Spain
Spain welcomes foreign buyers with no nationality restrictions. The buyer needs an NIE (Número de Identidad de Extranjero) before completion, and most buyers open a Spanish bank account to handle the deposit and ongoing charges. An independent lawyer (abogado) is strongly recommended — the notario only checks the deed, not the wider title.
Spain ended its Golden Visa property route in April 2025.
Non-resident mortgages are widely available, typically 60–70% LTV.
Non-resident sellers face a 3% withholding from the sale price (retención), claimable against capital gains tax.
Always check community-of-owners (comunidad) debts and outstanding IBI before completion — they transfer with the property.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
